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What You Need To Know About Raising Cash or Clearing Debts

Do you want to make home improvements, buy a car, pay for a holiday or need to spend money on …….?

Do you want to repay existing debts to reduce your overall outgoings?

With the substantial increase in property prices in recent years your outstanding mortgage may be considerably less than the value of your home. You may be able to release this equity to fund purchases that you want to make today, or to repay existing more costly debts.

Releasing this equity from your home can be done by re-mortgaging or raising a secured loan. We will advise you which of these options is better for you, and handle the necessary applications on your behalf.

Protecting Your New Home & Family

This is often overlooked or ignored when finances are often stretched – yet this is when it is often most needed. The sad truth is that too many people in the UK risk considerable financial difficulty, and some even financial ruin, including repossession of their homes because they have not made adequate provision.    You should include within your monthly budget an amount sufficient to protect your new home and your family.

You can find out more about the more common types of insurance cover here.

 

 

By following our advice and with our assistance you can be sure that you have made adequate arrangements. 

Costs.

Loans

We do not charge a fee when advising and arranging a loan on your behalf.  We will receive commission from the Lender.

Generally an arrangement fee is charged by the Lender when you take a secured loan. The fee amount depends upon a number of factors including the size of the loan and the type of deal available to you. This can normally be added to the loan but interest will be charged on this amount also.

Re-Mortgage

In addition to the fee that we charge for the work that we necessarily do on your behalf, there are a number of other costs. These costs can normally be added to the mortgage loan, but interest will be charged against the whole amount.   

We will take into account how these costs are treated and calculated when making recommendations. For example, we will look to see if you would be better off by having a mortgage where some of these fees are waived.   

You can find out more about typical mortgage related costs here

You can find out more about mortgage related matters here